05132014fundgrowth
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Bets pay off for venture funds in UC portfolio: VCJ

Last year saw several top performing funds in the University of California’s recent-vintage venture portfolio consolidate performance gains, as others continue to advanced, affiliate magazine Venture Capital Journal reported.

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Pinnacle Engines bags Series C funds

Pinnacle Engines has closed its Series C funding, bringing the total investment in the firm to more than $30 million. Investors included Mitsui Global Investment, VenturEast, Bessemer Venture Partners, New Enterprise Associates and Infield Capital. Also, the firm has named Phil Murtaugh, John Parker, BVR Subbu, Hong Liang Lu and Freeman Shen to its newly formed Asian business advisory board. Headquartered in Silicon Valley, Pinnacle Engines is a maker of “ultra-efficient” engine designs.

VC-backed Adaptive Insights hires new senior advisor

Adaptive Insights has tapped Ron Codd, former CFO of PeopleSoft, as a new investor and senior advisor. Headquartered in Palo Alto, Calif., Adaptive Insights is a provider of cloud-based business and financial analytics solutions for companies and nonprofits of all sizes. Adaptive Insights is backed by Bessemer Venture Partners, Norwest Venture Partners, Royal Bank of Canada, ONSET Ventures, Monitor Ventures and Cardinal Venture Capital.

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Blue Apron racks up $50 mln

Blue Apron said Wednesday that it has closed $50 million in funding. Stripes Group led the round with participation from previous investors that included Bessemer Venture Partners and First Round Capital. According to the firm, the capital infusion will be used for growth. Based in New York, Blue Apron is a delivery service of fresh ingredients for home-cooked meals.

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Clio nets $20 mln Series C funds

Clio has closed $20 million in Series C financing. Bessemer Venture Partners led the round with participation from Acton Capital Partners, Point Nine Capital and Version One Ventures. According to the company, the capital will be used for product development and international expansion. Based in Vancouver, British Columbia, Clio is a cloud-based practice management platform for the legal sector.

Box adds Cisco chief technology and strategy officer to board of directors

Box has added Padmasree Warrior, chief technology and strategy officer for Cisco, to its board of directors. Headquartered in Los Altos, CA, Box is backed by Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners and U.S. Venture Partners as well as by strategic investors salesforce.com, SAP Ventures and Intel Ventures.

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Simply Measured gets $20 mln for expansion

Simply Measured has raised a $20 million Series C round of funding led by Trinity Ventures with participation from Bessemer Venture Partners, Four Rivers Group, MHS Capital and other existing investors. Karan Mehandru, general partner at Trinity Ventures, will join the board of directors at Simply Measured.

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Bessemer Venture Partners backs cloud platform Nitrous.IO

Nitrous.IO said Tuesday that it has secured $6.65 million in Series A funding. Bessemer Venture Partners led the round with participation from investors that included 500 Startups, Crunchfund, Facebook co-founder Eduardo Saverin and Golden Gate Ventures. In addition to the funding, Sunil Nagaraj of Bessemer Venture Partners has been added to the Nitrous.IO board. Based in Menlo Park, Calif., Nitrous.IO is a cloud-based developer platform.

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PE-backed Auction.com adds former Oracle CFO to board of directors

Auction.com has named Jeff Epstein to its board of directors. Epstein is the former chief financial officer for Oracle. Currently, he is an operating partner at Bessemer Venture Partners and a senior advice for Oak Hill Capital Partners. Auction.com, which is backed by Google Capital and Stone Point Capital, is an online real estate marketplace.

Box appoints healthcare advisors

Box has appointed Aneesh Chopra, the first chief technology officer of the US, and Glen Tullman, former CEO of Allscripts, to serve as special advisors for the company’s healthcare and life sciences practice. Headquartered in Los Altos, CA, Box is backed by Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners, and U.S. Venture Partners, as well as by strategic investors salesforce.com, SAP Ventures and Intel Ventures.

VC-backed Wix buys Israeli startup Appixia

Wix.com, a provider of free software for building websites, has acquired Appixia. No financial terms were disclosed. Based in Israel, Appixia is a mobile commerce native app builder. Wix, which recently went public, is backed by Benchmark Capital, Bessemer Venture Partners and Mangrove Venture Capital.

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BVP leads Series B round for BrightBytes

BrightBytes said Wednesday that it has raised $15 million in Series B funding. Bessemer Venture Partners led the round with participation from return backers that include Rethink Education and Learn Capital. Headquartered in San Francisco, BrightBytes is an educational analytics provider.

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